China stocks rise as state fund boosts stake in ‘Big Four’ banks

📆 2023/10/12 12:40:00
📰 fmtoday

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Central Huijin, the state-owned investment firm, signals ‘continuous investment’ with plans to increase holdings.

China’s blue-chip stock CSI300 was up roughly 0.7%, while the Hang Seng Index climbed 1.8% in early morning trade.

China’s blue-chip stock CSI300 was up roughly 0.7%, while the Hang Seng Index climbed 1.8% in early morning trade. The measures came after China’s stock benchmark fell to 11-month lows this week despite a slew of supportive measures by the government.

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